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    Canara Corporate Credit Card - Visa

    We found 1 Canara Corporate Credit Card - Visa

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    Fee Details

    Canara Corporate Credit Card - Visa

    Fees & Charges

    Promised Interest Rate

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    Overview:

    The Canara Corporate Visa Credit Card is made available by Canara Bank to corporate customers, in order to meet their multiple requirements. These cards are provided only to non-individuals and add-on cards or supplementary cards are issued to individuals who are authorized by the concerned firm or company. The Bank issues different Canara Corporate Visa Credit cards for domestic and international use of the corporate clients.

    Benefits:

    • Reward Points: Customers can earn reward points on all their transactions made on this credit card. For each Rs. 100 transactions made on the Canara Corporate Visa Credit Card, customers can earn two reward points. One reward point has a cash value equal to Rs 0.25.
    • No Annual Fee: The Canara Corporate Visa Credit Card comes at minimal cost with zero annual fees attached. Customers can enjoy the benefits of this card by just paying a onetime enrollment fee. However, annual fees are applicable on add-on cards.
    • Cash Advance: The Bank sets a card limit on the credit offered to a company and this can be shared with the supplementary cardholders as well. The credit cardholder can withdraw cash from this credit card, with a maximum limit of 50% of the credit limit on the card or Rs. 5 lakhs, whichever is the highest. The Add-on Cardholders can withdraw cash worth not more than Rs. 25000 each month.
    • Add-on cards: The primary credit cardholder can apply for an add-on card for individuals within the company so that they can use the credit limit for their official requirements. The credit limit available on the card is shared with an authorized personnel of the company through the add-on card. These cards carry an annual fee of Rs. 400.
    • Mediclaim Insurance Policy: Canara Bank has partnered with United India Insurance Company Limited to offer Floating Medical Insurance Cover called the Family CANARA MEDICLAIM Policy and/or the Individual Cancomfort Policy to its credit cardholders at lower rates. This features the facility of cashless hospitalization.

    Features:

    • Internationally accepted: This credit card is offered to customers in association with VISA and is accepted around the world. The Canara Corporate Card - Visa can be used domestically as well as internationally in various ATMs and merchant outlets that accept Visa Cards. The card is also valid for transactions online and through Mail order, Interactive Voice Response System (IVRS), Teleshopping, etc.
    • Interest-free period: The maximum interest free credit period that can be availed by a credit cardholder is 50 days, if the customer pays the overall due amount of the previous month.
    • Revolving credit: The credit cardholder can also enjoy the facility of revolving credit wherein the outstanding balance can be paid as per their convenience. 5% of the billed amount or Rs. 100, whichever is the highest, is the minimum due payment each month. If the customer chooses to pay the minimum amount due, the remaining amount is adjusted to the next billing cycle.
    • SMS alerts: The credit cardholder will receive SMS alerts on the registered mobile number when transactions are made on the credit card. This will provide added protection against skimming and fraud.

    Fees and Charges:

    Joining Fee for Primary Card

    Rs. 250

    Annual Fee for Add-on Card

    Rs. 400

    Card Inactivity Fee

    Nil

    Free Credit Period

    Max. 50 days

    Interest on Credit

    2.5% per month or 30% per annum

    Minimum amount due

    5% of the billed amount subject to a minimum of Rs. 100

    Mark up in case of Transaction in foreign currency

    Max. 3%

    Duplicate Statement

    Rs. 10 for each page

    Cheque dishonor charges or unsuccessful payment instructions

    Rs. 50

    Cash Advance Limit

    50% of the credit Limit with a maximum overall Limit of Rs 5.00 lac.

    Cash Advance Limit on Add-on card

    Maximum cash limit for individual Add on card is Rs. 25,000

    Transaction fee for cash withdrawal against Credit account at Canara Bank ATMs and branches

    3% of the transaction amount subject to a minimum of Rs. 30/- for every Rs. 1000 or part thereof.

    Eligibility:

    In order to be eligible for availing the Canara Corporate Card - Visa

    • Companies/Firms that are customers of Canara Bank and have credit limits as well as S1 and S2 status.
    • Those Companies that do not have a credit limit with the Bank should at least have 12 months of transaction history with the Bank.
    • Corporate Visa Cards are issued to member affiliate banks as well.

    Documentation:

    The following documents have to be submitted by the corporate or firm at the time of applying for the Canara Corporate Visa credit card:

    • Board Resolution according to the Performa provided by the Bank or concerned department of the Bank.
    • Constitution papers such as the Partnership deed (for firms), or in case of companies, the Articles of Association and Memorandum of Association.
    • Last three years’ financial statements of the company/firm.
    • Other relevant financial papers/ constitution papers.

    Canara Corporate Credit Card - Visa FAQs:

    1. Will I be liable towards the loss / theft/ misuse of my credit card?

      Canara Bank offers Lost Card protection through which the credit cardholder will only have a personal Liability worth Rs.1,000 from the time of reporting the loss of his/her Canara Visa Corporate Credit Card.

    2. Are there any restrictions on foreign transactions/ remittance made using this card?

      There are limitations on money transfer/ remittances made overseas, as laid down by the Foreign Exchange Maintenance Act, 1999. Even though the credit card can be used globally, foreign exchange transactions in Bhutan and Nepal are not permitted.

    3. What is the maximum period of interest free Credit period?

      Interest free credit period ranges from minimum of 20 days to a maximum of 50 days. But service charges, fees, etc. will be charged in case of cash withdrawal, Railway ticket booking, purchase of fuel, etc.

    4. How can I redeem my reward points?

      The credit cardholder can earn two reward points for every transaction worth Rs.100. The cashback available on 1 reward point is Re.0.25. Canara Bank provides a website solely for the purpose of reward point redemption. The 'Maxgetmore' programme offers more Reward Points to the credit cardholder. In order to redeem gifts on this website the customer must first register and activate the reward point account. Then the accumulated reward points can be redeemed against the purchase of an exciting range of products in various categories like - electronics, apparels, etc. and other services including DTH recharge, mobile recharge, purchase of movie tickets, etc.

    5. Is there a penalty on delay in payment of credit card dues?

      Yes, a nominal fee of 2% + service tax will be levied on the outstanding balance if the credit card dues are not paid by the due date of payment. In case of delayed payment of credit dues, customers with revolving credit are charged a fee of 2% of outstanding or a minimum amount of Rs. 10/- and the maximum cap is Rs. 150/-. If the cardholder does not have revolving credit then the fee charged as penalty for delayed payment is 2% of the outstanding amount or a minimum amount of Rs. 20/- and the maximum cap is Rs. 300/-.

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  • Canara Corporate Credit Card - Visa Reviews

    • Canara Bank Credit Card
      "Average"
      0.5 3.5/5 "Pretty good"
      Canara bank has offered me a credit card and the services on the card are not to my satisfaction. When I purchased something they billed me twice , there was a duplicate entry in my statement and when I reached out to them they took more than a month to rectify that transaction and for the same to reflect in the statement.
      Was this review helpful? 0
      , namakkal
      Reviewed on May 19, 2017
    • Canara Bank Credit Card
      "Satisfactory Service"
      0.5 4.0/5 "Great!"
      Canara bank offered credit card with good credit limit. But it is not a life time free card, annual charges are there for my card. Interest rate is pretty normal when compared with other banks and I am getting reward points and other offers regularly.
      Was this review helpful? 0
      , chennai
      Reviewed on May 11, 2017
    • Canara Bank Credit Card
      "Good card to use"
      0.5 5.0/5 "Blown Away!"
      Canara bank credit card has good benefits, which is helpful to use. I get reward points in this master green card. There is fuel surcharge waiver, which is useful in filling the fuel. Good to use this card with the limited benefits and happy being loyal customer with canara.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Mar 26, 2017
    • Canara Bank Credit Card
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      I was using Canara Classic card for past one year it was fine, Credit limit was normal but not upto the mark and also transaction charges was high for credit card usage. But there was no issues on my bill it was prompt and there was no hidden charges.
      Was this review helpful? 3
      , bangalore
      Reviewed on Dec 03, 2016
    • Canara Bank Credit Card
      "Very good services"
      0.5 3.0/5 "Satisfactory"
      I use only one credit card and I am okay with it. It is with Canara bank. The limit is good and I am not looking for more as well. I am satisfied with what I have. The rate of interest is too high on the card. I use for a general use and when ever I used it, it has been smooth.
      Was this review helpful? 4
      , hosur
      Reviewed on Nov 18, 2016
    • Canara Bank Credit Card
      "Provide better offers"
      0.5 4.0/5 "Great!"
      There could be an improvement for the credit card at Canara bank. Unlike the other bank, they do not provide much of offers. Like there are no much of EMI facilities, the limit is less. The good thing is that it is a life time free card. They are responsive and the services are good overall.
      Was this review helpful? 4
      , new delhi
      Reviewed on Sep 06, 2016
    • Canara Bank Credit Card
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I am feeling good to use the Canara bank credit card. They are having own web portal in which we can redeem the accumulated rewards points for booking ticket and they also have wide range of products too. There is no annul fee for the card . Interest rate compared to other banks
      Was this review helpful? 3
      , bangalore
      Reviewed on Jun 16, 2016
    • Canara Bank Credit Card
      "My bank card !"
      0.5 4.0/5 "Great!"
      I have a Visa Classic credit card that I took from Canara Bank when I opened my salary account with them. The credit limit on the card is Rs.10,000 and has an annual charge of Rs.250. I have been using the card for 6 years and it does have offers on Retails and online purchases on e-commerce platforms.
      Was this review helpful? 4
      , mumbai
      Reviewed on Mar 23, 2016
    • Canara Bank Credit Card
      "Benefited card for the farmers "
      0.5 5.0/5 "Blown Away!"
      From canara bank i have fishers credit card which is benefit for taking loans with the interest rate of 8%-8.5% which is very low and there is no extra charges the tenure is for five years. The amount was credited to the account within three days. There is no annul fee on the card. Statements are send on time.
      Was this review helpful? 2
      , bhopal
      Reviewed on Mar 17, 2016
    • Canara Bank Credit Card
      "No extra charges levied!"
      0.5 5.0/5 "Blown Away!"
      As I have a current account with Canara Bank, they suggested me to take the credit card with them. The good thing is they are not levying extra charges for the transactions. I am using this classic credit card for more than 2 years and the limit offered is average on the card.
      Was this review helpful? 2
      , bangalore
      Reviewed on Feb 17, 2016
    • Canara Bank Credit Card
      "Fantastic"
      0.5 4.0/5 "Great!"
      Canara Bank holds my credit card. It is Master credit card I have with them . I am using it for a year and itâ??s fantastic. My reward points can be reimbursed by this card. It has very good billing cycle too. Bank executives post me with regular updates with mails. The card is free of charge and it is good for salaried person.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Feb 11, 2016
    • Canara Bank Credit Card
      "Need to improve...."
      0.5 4.0/5 "Great!"
      No option for emi option on my Classic credit card. Billing cycle is 50 days and if we don't pay the bill the Canara bank will block the credit card automatically. After clearing all the dues they release the block and it would take three days. At the start they refused to give the credit card and I got it in reference of the manager. Limit is 50k and on that 25k is the cash limit.
      Was this review helpful? 2
      , chennai
      Reviewed on Feb 10, 2016
    • Canara Bank Credit Card
      "No annual charge for me..."
      0.5 4.0/5 "Great!"
      Visa classic credit card is just like a basic credit card. And no much offers but at times I get two rewards points out of the purchases. Since I got this Canara bank credit card on staff offer so there is no annual charge. For the normal customers the annual charge is 400 and this is less than private banks.
      Was this review helpful? 3
      , bidar
      Reviewed on Jan 18, 2016
    • Canara Bank Credit Card
      "Happy with the Canara bank..."
      0.5 4.0/5 "Great!"
      Credit card value is 50 thousand and cash limit is 25 thousand. The manger of the Canara Bank offered this credit card. Interest rate is 3% on the credit card and he clearly told me that in prior. Customer service is very good. Branch manager is very helpful. Annual charge is 2thousand.
      Was this review helpful? 2
      , madurai
      Reviewed on Jan 16, 2016
    • Canara Bank Credit Card
      "Very good"
      0.5 5.0/5 "Blown Away!"
      From last six months i am using the canara bank credit card.They provide the cash back offers on all the product maximum up to 10%. It is life time free credit card. The bigger purchases can be converted into emi and they also have the loan option.
      Was this review helpful? 2
      , thiruvananthapuram
      Reviewed on Dec 11, 2015
    • Canara Bank Credit Card
      "Very good"
      0.5 5.0/5 "Blown Away!"
      From last six months i am using the canara bank credit card.They provide the cash back offers on all the product maximum up to 10%. It is life time free credit card. The bigger purchases can be converted into emi and they also have the loan option.
      Was this review helpful? 1
      , thiruvananthapuram
      Reviewed on Dec 11, 2015
    • Canara Bank Credit Card
      "Need more facilities..."
      0.5 3.0/5 "Satisfactory"
      Quiet difficult to get credit card from Government banks. Based on my salary account I got Master card from Canara bank. Their offers are not impressive when I compare to private banks. Good thing is, they offered good credit limit. They should provide much offers.
      Was this review helpful? 3
      , bangalore
      Reviewed on Nov 21, 2015
    • Canara Bank Credit Card
      "Great!!!"
      0.5 5.0/5 "Blown Away!"
      From canara bank I have visa credit card. Rewards points are given only on the purchase of Rs.500 but the point various depends upon the product. There is no annul fee. Internet rate is 2.3% per month .
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 17, 2015
    • Canara Bank Credit Card
      "good but not satisfied"
      0.5 3.0/5 "Satisfactory"
      Canara bank is good in their service . I am a user of Canara bank since 7 years and i have not faced any issues with the bank. Only drawback in Canara bank is the rate of interest and the fee charges are high on compared to the other banks. The customer service and the response is very good and fine. Offers are also pretty much fine in my VISA credit card. The customer service is not at all good.
      Was this review helpful? 1
      , hubli
      Reviewed on Oct 24, 2015
    • Canara Bank Credit Card
      "Excellent!!!"
      0.5 5.0/5 "Blown Away!"
      I have a master credit card taken from Canara bank. In case of any emergency I use this card. I am fine with the 50,000 credit limit. With Canara their customer service is also good. I do get some reward points, I can redeem it when ever I want it. Since from past 1 year I am using this card hence happy with Canara.
      Was this review helpful? 2
      , bangalore
      Reviewed on Oct 10, 2015
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